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Tuesday, April 27, 2010

coincidence

Was it a coincidence that GS bounced at 150 today?

I think not, take a look.


GS P&F Chart


GS 1m Chart
See the higher lows?




Profit takes preparation.
Something I did not prepared for today.
Hence no trades today.
Just thought I shared with you my observations.

Sunday, April 25, 2010

ID 10T

I just wanted to publicly confess that I feel like ID 10T after what happened today.





Higher lows and higher highs.

Earnings on Apr 29 BMO

Wednesday, April 21, 2010

Roasted


GMCR


I have been watching GMCR getting roasted and upset at myself for missing it.

First, this is a counter Turtle trade because Turtle actually says short.

Stock has not made a new low in the last 2 months.
Stock closed above 100sma.
Stock just above OBV line.

Exit trade if closed under 79.